Anixter rumors stoke 17% YTD surge in stock price

WESCO, Rexel and Sonepar were mentioned as potential acquirers. Anixter stock is up 17% YTD through trading at mid-day.
March 10, 2014
Bloomberg stock chart
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This Bloomberg report is loaded with some tasty tidbits regarding the possible sale of wire and cable giant Anixter. Analysts think the company’s stock could garner a $117 per share price in a sale, a 30% YTD premium. WESCO, Rexel and Sonepar were mentioned as potential acquirers. Anixter stock is up 17% YTD through trading at mid-day.

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